Why economists expect the Reserve Bank to hold the cash rate this week

After months of pain, a surprise fall in inflation has buoyed hopes the cash rate will hold.

Economy: Bogotá Key Facts —Inflation. Colombia’s July annual inflation ran near 6.2%, back near levels last seen in 2024 and well above the 3% target. —Pause. The central bank, Banco de la República (BanRep), surprised markets with a hold in July rather than a cut. —Financing. Development bank CAF will disburse a first

MarketsViewing inflation as manageable, Reserve Bank of India has kept rates unchanged this yearThe back and forth in the U.S.-Iran conflict, which has led to volatility in crude oil prices, has also complicated the central bank’s task of balancing growth with price stability. (Photo by Takanori Okabe)SOUMYAJIT SAHAAug

India’s Central Bank Holds Rates as Iran Crisis Keeps Risks High  WSJ

The Reserve Bank of India has kept interest rates unchanged amid creeping inflation.

India central bank to stay on hold even as peers pivot to rate hikes  Reuters

"The longer that high inflation persists, the more challenging and costly it can be to bring it back down," said Beth Hammack, one of the dissenters.

The Tokyo consumer price index is considered a leading indicator for nationwide price trends.

The Federal Reserve voted to hold interest rates unchanged in a range of 3.5% to 3.75%, with some officials dissenting in favor of raising rates by a quarter percentage point. The vote was 9-3. Bloomberg's Michael McKee reports. (Source: Bloomberg)